You can avoid harassment from debt collection agencies by knowing your rights. A recent survey by the Personal Finance Employee Education Foundation (PFEEF) has discovered something, well, unsurprising: only 24% of Americans have “little financial stress.” The rest of us are more stressed out financially than any group in recent history. The last time PFEEF surveyed Americans was in 2004, before the Great Recession. Back then, 42% of Americans reported having “little financial stress.” Judith Cohart, (a financial education counselor and president of PFEEF) said, “One of the things that the financial crisis made us acutely aware of is that so many people are living on the edge.”PFEEF financial education programs for employees; this is a possibility, certainly, but really, the American economy is still dragging, and too many people remain unemployed and underemployed. The cost of living has risen significantly in recent years, and debt collectors have also been stressing people out (financially and mentally), with aggressive and frequently illegal tactics.If a collection agency has harassed you, you may be entitled to money damages up to $1,000.00, based on the FDCPA, which has been around for almost 35 years. The FDCPA is a federal law that applies to every state. In other words, everyone is protected by the FDCPA. The FDCPA is essentially a laundry list of what debt collectors can and cannot do while collecting a debt, as well as things debt collectors must do while collecting a debt. Plus, the FDCPA has a fee-shift provision. This means, the collection agency pays your attorney’s fees and costs. Founding attorney, Michael Agruss, has settled over 1,500 debt collection harassment cases. We want to help you, too.
Avoid Financial Stress From Debt Collection Agencies
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